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Activision Blizzard, Inc is an electronic gaming & multimedia business based in the US. Activision Blizzard shares (ATVI) are listed on the NASDAQ and all prices are listed in US Dollars. Activision Blizzard employs 9,080 staff and has a trailing 12-month revenue of around USD$7 billion.
Since the stock market crash in March caused by coronavirus, Activision Blizzard's share price has had significant positive movement.
Its last market close was USD$78.67, which is 19.44% up on its pre-crash value of USD$63.375 and 55.75% up on the lowest point reached during the March crash when the shares fell as low as USD$50.51.
If you had bought USD$1,000 worth of Activision Blizzard shares at the start of February 2020, those shares would have been worth USD$970.15 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,351.55.
|Latest market close||USD$78.67|
|52-week range||USD$50.25 - USD$87.73|
|50-day moving average||USD$82.1353|
|200-day moving average||USD$71.7727|
|Wall St. target price||USD$95.03|
|Dividend yield||USD$0.41 (0.52%)|
|Earnings per share (TTM)||USD$2.341|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-09-07)||N/A|
|1 month (2020-08-14)||N/A|
|3 months (2020-06-18)||3.50%|
|6 months (2020-03-18)||41.52%|
|1 year (2019-09-14)||N/A|
|2 years (2018-09-14)||N/A|
|3 years (2017-09-14)||N/A|
|5 years (2015-09-14)||N/A|
Valuing Activision Blizzard stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Activision Blizzard's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Activision Blizzard's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 34x. In other words, Activision Blizzard shares trade at around 34x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Activision Blizzard's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.9222. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Activision Blizzard's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Activision Blizzard's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$2.4 billion.
The EBITDA is a measure of a Activision Blizzard's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$7 billion|
|Operating margin TTM||30.75%|
|Gross profit TTM||USD$4.4 billion|
|Return on assets TTM||7.12%|
|Return on equity TTM||14.13%|
|Market capitalisation||USD$60.2 billion|
TTM: trailing 12 months
There are currently 11.6 million Activision Blizzard shares held short by investors – that's known as Activision Blizzard's "short interest". This figure is 23.5% up from 9.4 million last month.
There are a few different ways that this level of interest in shorting Activision Blizzard shares can be evaluated.
Activision Blizzard's "short interest ratio" (SIR) is the quantity of Activision Blizzard shares currently shorted divided by the average quantity of Activision Blizzard shares traded daily (recently around 8.3 million). Activision Blizzard's SIR currently stands at 1.39. In other words for every 100,000 Activision Blizzard shares traded daily on the market, roughly 1390 shares are currently held short.
However Activision Blizzard's short interest can also be evaluated against the total number of Activision Blizzard shares, or, against the total number of tradable Activision Blizzard shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Activision Blizzard's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Activision Blizzard shares in existence, roughly 10 shares are currently held short) or 0.0133% of the tradable shares (for every 100,000 tradable Activision Blizzard shares, roughly 13 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Activision Blizzard.
Find out more about how you can short Activision Blizzard stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Activision Blizzard.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 22.82
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Activision Blizzard's overall score of 22.82 (as at 08/01/2020) is excellent – landing it in it in the 16th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Activision Blizzard is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 4.65/100
Activision Blizzard's environmental score of 4.65 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Activision Blizzard is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 14.46/100
Activision Blizzard's social score of 14.46 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Activision Blizzard is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 12.2/100
Activision Blizzard's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Activision Blizzard is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Activision Blizzard scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Activision Blizzard has, for the most part, managed to keep its nose clean.
|Total ESG score||22.82|
|Total ESG percentile||16.08|
|Environmental score percentile||7|
|Social score percentile||7|
|Governance score percentile||7|
|Level of controversy||2|
Dividend payout ratio: 17.52% of net profits
Recently Activision Blizzard has paid out, on average, around 17.52% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.52% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Activision Blizzard shareholders could enjoy a 0.52% return on their shares, in the form of dividend payments. In Activision Blizzard's case, that would currently equate to about $0.41 per share.
While Activision Blizzard's payout ratio might seem low, this can signify that Activision Blizzard is investing more in its future growth.
Activision Blizzard's most recent dividend payout was on 6 May 2020. The latest dividend was paid out to all shareholders who bought their shares by 14 April 2020 (the "ex-dividend date").
Activision Blizzard's shares were split on a 2:1 basis on 8 September 2008. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Activision Blizzard shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Activision Blizzard shares which in turn could have impacted Activision Blizzard's share price.
Over the last 12 months, Activision Blizzard's shares have ranged in value from as little as $50.25 up to $87.73. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Activision Blizzard's is 0.6784. This would suggest that Activision Blizzard's shares are less volatile than average (for this exchange).
Activision Blizzard, Inc., together with its subsidiaries, develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offer downloadable content. The company also maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games; and develops and publishes interactive entertainment content and services primarily on mobile platforms, such as Android and iOS, as well as distributes its content and services on the PC platform primarily through Facebook. In addition, it operate esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, and Candy Crush. It serves retailers and distributors, including mass-market retailers, first party digital storefronts, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. Activision Blizzard, Inc. was incorporated in 1979 and is headquartered in Santa Monica, California.
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